Hobbs Shannon Marie 4
Research Summary
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BNY Mellon (BK) Senior EVP Shannon Hobbs Receives Award
What Happened
Shannon Marie Hobbs, Senior Executive Vice President of The Bank of New York Mellon Corporation, was granted 9,457 restricted stock units (RSUs) on 2026-02-02. The Form 4 reports the acquisition at $0.00 (award of compensation units), so no cash was exchanged at grant.
Key Details
- Transaction date: 2026-02-02; filing date: 2026-02-04 (appears timely).
- Grant: 9,457 RSUs reported as an award (transaction code A) at $0.00.
- Footnote F1: RSUs awarded under the 2023 Long-Term Incentive Plan; units vest in annual increments of one-third beginning February 15, 2027 and vested units will be settled in common stock.
- Footnote F2: Holdings reported as of December 31, 2025 (form notes this reporting date).
- Remarks: Exhibit 24 (Power of Attorney) is referenced on the filing.
Context
RSU grants are compensation, not open-market purchases or sales. They represent future stock delivery if vesting conditions are met and do not by themselves indicate the insider is buying or selling stock in the market. Vesting over three years means the executive will receive shares (settled in common stock) in future tranches if the conditions are satisfied.